$ETH is testing the critical $2,000 psychological threshold after a heavy breakdown candle on the 1H chart sliced through local support at $2,040 on elevated sell volume (13.6K ETH).
EMA9 ($2,036) remains firmly below EMA21 ($2,045) with 1H RSI hovering near oversold territory at 32.
Key Levels to Watch:
• Immediate Resistance: $2,045 - $2,060
• Critical Support: $2,006 - $2,000
• Breakdown Target: $1,950
Bulls must defend $2,000 to prevent an acceleration lower. Are you buying the dip or waiting for confirmation?
#Ethereum #CryptoTrading #TechnicalAnalysis
EMA9 ($2,036) remains firmly below EMA21 ($2,045) with 1H RSI hovering near oversold territory at 32.
Key Levels to Watch:
• Immediate Resistance: $2,045 - $2,060
• Critical Support: $2,006 - $2,000
• Breakdown Target: $1,950
Bulls must defend $2,000 to prevent an acceleration lower. Are you buying the dip or waiting for confirmation?
#Ethereum #CryptoTrading #TechnicalAnalysis
